Former JP Morgan executive may face SEC suit

The US Securities and Exchange Commission notified former JP Morgan executive Michael Llodra in January that he could be sued for his role in selling mortgage-linked investments as the housing crisis worsened in 2007, Bloomberg News reported on its website Tuesday, citing Llodra's broker registration filings.

Llodra, formerly global head of structured product collateralised debt obligations at JP Morgan, was sent a Wells notice by the SEC January 4 notifying him that investigators planned to pursue civil claims against him...